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Net Leased Retail with Long-Standing Tenancy 27-01-27-07 Francis Lewis Blvd Blvd 13,000 SF 100% Leased Retail Building Flushing, NY 11358 $9,950,000 ($765.38/SF) 5.89% Cap Rate
INVESTMENT HIGHLIGHTS
- Net Leased Commercial Investment - Stabilized asset with long-term tenancy.
- Redevelopment Value-Add Potential
- Prime Northeast Queens Location - Located along highly-trafficked Francis Lewis Boulevard and surrounded by residential.
EXECUTIVE SUMMARY
RIPCO REAL ESTATE has been retained on an exclusive basis to arrange for the sale of 2701–2707 FRANCIS LEWIS BOULEVARD, Flushing, NY 11358 – (the “Property”) – a net leased, two-tenant commercial building with on site parking.
2701–2707 Francis Lewis Boulevard is a net leased commercial building consisting of two retail units. 2701 is occupied by JJ Washington, a laundromat that also offers off-site dry cleaning services, and 2707 is occupied by US Renal Care, a national healthcare provider specializing in dialysis services.
Located along well-trafficked Francis Lewis Boulevard, 2701–2707 Francis Lewis is positioned within one of Northeast Queens’ most established commercial corridors. The property benefits from strong vehicular visibility, on-site parking, and close proximity to dense residential neighborhoods. Nearby national and regional retailers include CVS, Dunkin’, and Chase Bank, alongside a mix of medical offices, service providers, and neighborhood storefronts — making this a strategic location for community-focused commercial tenancy.
For more information, please contact the exclusive brokers directly.
2701–2707 Francis Lewis Boulevard is a net leased commercial building consisting of two retail units. 2701 is occupied by JJ Washington, a laundromat that also offers off-site dry cleaning services, and 2707 is occupied by US Renal Care, a national healthcare provider specializing in dialysis services.
Located along well-trafficked Francis Lewis Boulevard, 2701–2707 Francis Lewis is positioned within one of Northeast Queens’ most established commercial corridors. The property benefits from strong vehicular visibility, on-site parking, and close proximity to dense residential neighborhoods. Nearby national and regional retailers include CVS, Dunkin’, and Chase Bank, alongside a mix of medical offices, service providers, and neighborhood storefronts — making this a strategic location for community-focused commercial tenancy.
For more information, please contact the exclusive brokers directly.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,000 SF
Building Class
C
Year Built
1952
Price
$9,950,000
Price Per SF
$765.38
Cap Rate
5.89%
NOI
$586,055
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.38
Lot Size
0.79 AC
Zoning
R4 - R4 districts allow all types of housing at a slightly higher density than permitted in R3-2 districts
Parking
39 Spaces (3 Spaces per 1,000 SF Leased)
Frontage
313’ on Francis Lewis Blvd
Walk Score®
Very Walkable (88)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05962-0001 | Improvements Assessment | $1,236,780 |
| Land Assessment | $1,116,900 | Total Assessment | $2,353,680 |
PROPERTY TAXES
Parcel Number
05962-0001
Land Assessment
$1,116,900
Improvements Assessment
$1,236,780
Total Assessment
$2,353,680
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Net Leased Retail with Long-Standing Tenancy | 27-01-27-07 Francis Lewis Blvd Blvd
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